TorQuest Acquires Spinrite, Sentinel Exits

October 12, 2015

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TorQuest Partners has partnered with management to acquire Spinrite, the largest producer and marketer of craft yarn in North America, from Sentinel Capital Partners. Established in 1952, Spinrite markets approximately 4,000 SKUs across more than 100 product families, with its items sold primarily through mass merchants, craft stores and independent specialty stores. TorQuest made the deal through its Partners Fund III, a $535 million vehicle that closed in September 2013. Sentinel reacquired Spinrite in 2007, having previously acquired the company in 2004 and taking it public the following year.